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Carly Fiorina

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2019-10-07
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2019-10-07
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  1. So, no, I wasn't surprised at the pushback. One of the things that I tell Inspiring leaders all the time is criticism is the price. Criticism is the price. I wasn't surprised by the criticism. I wasn't surprised by the pushback. And in fact, the transformation of Hewlett-Packard was very successful, not without setback, not without bumps, as no change process can be smooth. But the transformation succeeded. And I knew when we set out to acquire Compaq that the stock market wouldn't understand it. I remember going and visiting. Explain what that is for people. Compaq was. So we acquired Compaq at the time it was the Lord.

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT

  2. Things shifted really quickly in terms of the business. Well, when I arrived at Hewlett-Packard, we made all of our money on printing. We had 87 separate business units, all with their own CFO, P&L, chief information officer, HR officer. I mean, it was this bloated out of control bureaucracy. Mission Creep, which always happens. Well, Mission Creep and growing at less than 2%. Middle of the biggest technology uplift in history. For a company that large to miss nine quarters in a row is really hard to do, and yet we had profitability deteriorating across the board. This was a company that was in trouble, and yet it was also a company with a very proud history and culture. And so in that circumstance Change is always going to be very difficult.

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT

  3. And then, on top of all of that, you add the fact that I came at the height of the dot-com boom. And then we went into the dot-com bust. Right. So it was a very difficult time to navigate a company through. One of the issues was products. Like you had all made so much money on printers and all kinds of different things.

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT

  4. You attracted a lot of criticism and talk a bit about that experience of being there as CEO. Well, first, you know, when you're different, it's different. It's just true. And I was different in every conceivable respect. I was the first woman. I was the first outsider. I was the first non engineer. I landed from the East Coast in Silicon Valley where the archetype CEO was a brilliant, arrogant. Culture founder. Yes, cult of founder man. And so everything was different from the moment I arrived. People were obsessed with my clothes, my hair. There were rumors circulating in Silicon Valley for years that I had built a pink marble bathroom false, that I traveled with a hairdresser and makeup artist at all times, false. I mean, it was just crazy.

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT

  5. Which I did for six tumultuous years, one of the most storied tech companies in history. One of the most storied tech companies actually, Hewlett and Packard started Silicon Valley, actually, and Dave Packard and Walter Hewlett started Silicon Valley. They were the foundation of Silicon Valley. So it's a very storied company, but it was a company that had lost its way, truly, and missed nine quarters in a row, profitability failing, and the board was looking for a transformational CEO. It was a great privilege to lead HP for six years. It was a tumultuous time and a tumultuous departure. Yeah, so talk about that a little bit because, again, you were one of the first women CEOs who had a lot of attention on you and a lot of

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT

  6. So, talk a little bit about your background so people get an idea of the stuff you did before. Graduated from college with a degree in medieval history and philosophy. Why I had to go to law school, I thought, and dropped out immediately. My first job in business was as a secretary. Eventually, I went on and got an MBA and landed here in Washington, D.C. actually, working for AT&T in a very low-level entry job when AT&T was a million employees and really didn't think that corporate America was the place for me, but figured I'd get some good experience. And ultimately ended up leading the spin out of the technology arm of AT&T, which became loosened technologies, and was recruited from there by the board at Hewlett-Packard to lead Hewlett-Packard.

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT

  7. Hi, I'm Kara Swisher, editor at large of Recode. You may know me as someone who knows none of this would be happening if Carly Fiorina won the nomination in 2016, but in my spare time I talk tech and you're listening to Recode Decode from the Vox Media Podcast Network. Today in the red chair is of course Carly Fiorina, the former CEO of HP and also a former candidate for the Republican nomination for president back in the distant year of 2016. Today she advises for-profit businesses through her firm Carly Fiorina Enterprises and nonprofits through a charitable foundation called Unlocking Potential. She's also the best-selling author of several books, including most recently Find Your Way and host a podcast called By Example. Carly, welcome Tariko Decode. Thank you so much. It's great to be with you. You were noting we have not seen each other since we wrangled on stage at all things D. Yes, all things. 15 years ago. Wow, it seems like it might be 10 to 15 when you were running H3.

    2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT